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Hibachi vs Bitget

Bitget traded 416× Hibachi's 24-hour volume ($11.42B vs $27.4M) and holds 5962× its open interest.

vs
HibachiDEX · Arbitrum / BaseBetter on 2 of 10
Trade on Hibachi
vs
BitgetCEXBetter on 8 of 10
Trade on Bitget

Head to head

the arrow points to the better figure
HibachiBitget
Trading
$11.30BTC trade, $10k≈$12.01
$14,686BTC trade, $1M▶$1,435
$1.2MBTC book depth▶$5.0M
30xMax leverage▶150x
Size
$27.4MVolume 24h▶$11.42B
$16.2MVolume, 7-day average▶$8.20B
$1.4MOpen interest▶$8.10B
$3.3MTVL—
Markets
15Markets▶933
7Stocks & RWA▶418
1hFunding paid every1h or 4h or 8h
+0.0280%BTC funding /8h+0.0100%
+1.672%BTC longs paid, 30d+0.575%
Access
none yetToken$BGB
ActiveAirdrop—

Cost to trade BTC

open + close, market orders
SizeHibachiBitget
$1k$1.0910.9 bp$1.2012.0 bp
$10k$11.3011.3 bp$12.0112.0 bp
$100k$14714.7 bp$12012.0 bp
$1M$14,686146.9 bp$1,43514.3 bp
$5M—$8,85917.7 bp

BTC funding per day

pair page
Longs paid in 30 days: Hibachi +1.672% · Bitget +0.575%
HibachiBitget

Size

daily, last 90 days
Volume24h, each day
HibachiBitget
Open interestat each day's close
HibachiBitget
Hibachi's share of the twoby volume
Hibachi's share
TVLdeposits or pool
HibachiBitget

Volume by asset class

last 90 days
HibachiCrypto 58% · FX 42%
BitgetCrypto 80% · Stocks 15% · Commodities 3.5% · Pre-IPO 0.3% · Other RWA 0.3%

On both: 11

funding /8h · Net 7d at $10k
AssetHibachiBitgetSpreadNet 7d
BTC+0.0280%+0.0100%+0.0180%−$18
HYPE+0.0704%+0.0100%+0.0604%−$74
BNB+0.0584%+0.0092%+0.0492%+$19
ETH−0.0168%+0.0100%+0.0268%−$50
PAXG+0.0256%−0.0004%+0.0260%−$20
SOL−0.0216%−0.0009%+0.0207%—
XRP+0.0048%+0.0093%——
SUI+0.0408%+0.0038%——
Only on Hibachi: 4

CAD · JPY · AUD · NZD

Only on Bitget: 873

ZEC · DOGE · SOXL · SNDK · XAU · NEAR · GOOGL · LINK · XAUT · PEPE · ADA · ENA · CL · MSTR · QQQ · BTW · UNI · LTC · KORU · MU · SPCX · BZ · TAO · AAVE · AVAX · ONDO · INTC · CRCL · WLD · XLM · BCH · SKHY · DOT · DRAM · BGB · PUMP · SOXS · INJ · ASTER · HBAR · SKHYNIX · ARB · FF · NVDA · ANTHROPIC · FET · NATGAS · TRX · SPY · OPENAI · XMR · TQQQ · ZHIPU · FIL · SHIB · SOON · KAS · PENGU · TSLA · RENDER · and 813 more

Questions

Is Hibachi or Bitget cheaper to trade?

Opening and closing $10,000 of BTC with market orders costs $11.30 on Hibachi and $12.01 on Bitget right now, taker fee and order-book slippage together: about the same. Taker fees: 0.045% and 0.06%.

Which has more markets, Hibachi or Bitget?

Hibachi lists 15 active markets and Bitget 933; 11 assets trade on both, 3 of them stocks, commodities or other real-world assets.

Does Hibachi or Bitget require KYC?

Hibachi: No ID; not for the US, the UK or sanctioned countries. Bitget: KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Can you arbitrage funding between Hibachi and Bitget?

Yes: 2 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was GBP, long on Bitget and short on Hibachi, with $64 left after costs.

Which is bigger, Hibachi or Bitget?

24-hour volume: Hibachi $27.4M, Bitget $11.42B. Open interest as each reports it: $1.4M and $8.10B. TVL: $3.3M and none published.

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